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Entries in Deals: Fiber Network (79)

Thursday
Sep292011

Level 3 and Global Crossing Receive Regulatory Approvals

Source: Level 3 Press Release

Level 3 Communications, Inc. (Nasdaq:LVLT) and Global Crossing Limited (Nasdaq:GLBC) announced that the U.S. Department of Justice has cleared Level 3’s previously announced acquisition of Global Crossing. The clearance completes the process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR), and is effective immediately.

Level 3 also announced that the Federal Communications Commission has issued an order approving the transaction, effective immediately.   

Level 3 expects to close the transaction as early as next week.

Wednesday
Sep212011

The Gores Group to Buy Fiber Network and Data Center Operator Alpheus

Source: The Gores Group Press Release

The Gores Group, a Los Angeles-based private equity firm, announced that through an affiliate it has signed an agreement to acquire Alpheus Communications, one of the largest fiber network and data center operators in Texas. The Gores Group intends to combine Alpheus with First Communications, an existing Gores portfolio company. Genesis Park, L.P. and El Paso Corporation are the sellers. Terms of the transaction were not disclosed.

Alpheus Communications has a strong presence in Dallas/Fort Worth, Houston, Austin and San Antonio—four of the fastest growing markets in the United States. The acquisition includes more than 2,800 route miles of long-haul fiber and nearly 3,250 metro route miles, bringing the total of the First Communications network to over 10,500 fiber route miles.

Tuesday
Sep202011

NTELOS Trading Value Indicates Lofty Expectations for Lumos Networks

Source: The Deal Advisor

In early October, NTELOS will split into two companies: its wireless division, which will retain the NTELOS brand name, and Lumos Networks, which will encompass the former wireline division, including the ILEC, CLEC and fiber businesses. Richelle Elberg analyzed NTELOS' current trading value and concluded that investors are expecting big things from Lumos Networks.

Read the analysis here.

Tuesday
Aug022011

Windstream's Latest Deal and When Growth Isn't Really Growth

Source: The Deal Advisor

Windstream has spent more than $8b piecing together the array of companies that it is comprised of today, including its newest $2.3b deal for PAETEC, and it's certainly created value for investors since its buying spree began. But are any of the "growth" acquisitions made in recent years actually providing growth? Richelle Elberg analyzes Windstream's latest deal as well as its top-line trends pro forma all of its M&A machinations.

Read her analysis here.

Wednesday
Jul132011

DOJ Request More Information on Level 3 Global Crossing Acquisition

Source: Level 3 Press Release

Level 3 Communication, Inc. (Nasdaq:LVLT) announced that Level 3 and Global Crossing Limited (Nasdaq:GLBC) each received from the U.S. Department of Justice a request for additional information (commonly referred to as a “second request”) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to Level 3’s previously announced acquisition of Global Crossing. Level 3 intends to respond to the request appropriately.

Level 3 continues to expect that the transaction will close before the end of this year, as previously announced.

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